United Airlines Holdings Inc $UAL Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lessened its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 12.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,330 shares of the transportation company’s stock after selling 5,972 shares during the period. Harvest Portfolios Group Inc.’s holdings in United Airlines were worth $2,992,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec acquired a new position in United Airlines during the 1st quarter worth approximately $72,722,000. Bank of Hawaii boosted its holdings in shares of United Airlines by 57.3% in the 1st quarter. Bank of Hawaii now owns 23,118 shares of the transportation company’s stock valued at $1,596,000 after buying an additional 8,419 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in shares of United Airlines by 37.7% in the 1st quarter. Corebridge Financial Inc. now owns 114,796 shares of the transportation company’s stock valued at $7,927,000 after buying an additional 31,457 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of United Airlines by 635.7% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 64,031 shares of the transportation company’s stock valued at $4,421,000 after buying an additional 55,327 shares in the last quarter. Finally, Quantitative Investment Management LLC boosted its holdings in shares of United Airlines by 572.8% in the 1st quarter. Quantitative Investment Management LLC now owns 151,194 shares of the transportation company’s stock valued at $10,439,000 after buying an additional 128,721 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays restated an “overweight” rating and issued a $100.00 target price (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Cowen restated a “buy” rating on shares of United Airlines in a report on Tuesday, July 15th. Wall Street Zen cut shares of United Airlines from a “buy” rating to a “hold” rating in a report on Friday, July 18th. UBS Group upped their target price on shares of United Airlines from $103.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, July 15th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $111.43.

United Airlines Stock Up 1.7%

UAL stock opened at $104.13 on Wednesday. The company has a fifty day moving average price of $88.53 and a 200 day moving average price of $81.80. United Airlines Holdings Inc has a 12 month low of $40.96 and a 12 month high of $116.00. The company has a market cap of $33.71 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the prior year, the firm earned $4.14 EPS. United Airlines’s revenue for the quarter was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Sell-side analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Activity at United Airlines

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the transaction, the president owned 283,638 shares in the company, valued at approximately $25,385,601. This represents a 8.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 29,953 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the transaction, the executive vice president owned 45,496 shares of the company’s stock, valued at approximately $4,439,954.64. The trade was a 39.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 in the last 90 days. Corporate insiders own 0.63% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.